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Saudi Arabia's annual inflation rate increased slightly to 1. 6% in August, primarily due to rising housing rents and food prices. The rate remains relatively low compared to global levels.
S&P Global Ratings revised Saudi Arabia's outlook to positive, highlighting strong non-oil growth and economic resilience. The upgrade reflects potential for further reforms and investments in diversifying the economy.
India removes minimum export price for basmati rice, aiming to boost overseas sales and support farmers. Decision comes weeks before new crop arrival, addressing concerns of exporters and growers.
Israel's current approach inadvertently aligns with Iran's strategy of constant pressure. A new multi-faceted strategy is needed, involving difficult decisions by Netanyahu and the Biden administration to address regional conflicts and pursue normalization.
Israel's current approach inadvertently aligns with Iran's strategy of constant pressure. A new multi-faceted plan is needed, involving Gaza, Lebanon, and the West Bank, to effectively counter Iran's long-term tactics.
Israel perceives a "seven-front war" with Iran, while the U. S. pursues diplomatic solutions. Differing perspectives on the conflict's scope and resolution strategies emerge as regional tensions persist.
Israel perceives a "seven-front war" with Iran, while the U. S. pursues diplomatic solutions. Differing perspectives on the conflict's scope and resolution strategies emerge as regional tensions persist.
UN reduces activities in Yemen due to Houthi detentions of humanitarian staff. Deteriorating situation sees rising malnutrition and food insecurity, with UN appeal severely underfunded.
Gulf stock markets show positive trends following U. S. inflation data. Federal Reserve expected to cut rates, impacting Gulf monetary policies. Saudi Arabia's non-oil sector experiences slight growth recovery.
Vice President Kamala Harris faces challenges in reconciling U. S. foreign policy with a "rules-based order" approach, particularly regarding Israel's actions in Gaza and alliances with autocratic regimes.
Vice President Kamala Harris faces challenges in reconciling U. S. foreign policy rhetoric with actions, particularly regarding Israel. Her approach to the "rules-based order" raises questions about consistency and principles.
Edward B. Johnson, a CIA officer who helped rescue six American diplomats from Iran in 1979, has died at 81. His identity, hidden for decades, was recently revealed by the CIA.
Russian Foreign Minister Lavrov met with Saudi Crown Prince bin Salman, discussing OPEC+ cooperation and regional conflicts. Both nations expressed satisfaction with recent oil market decisions.
Gulf stock markets show caution ahead of crucial U. S. inflation data. Saudi GDP contracts in Q2, while regional indices experience mixed performance amidst economic uncertainty.
UN human rights chief urges voter vigilance against deceptive politicians in upcoming elections. He highlights global human rights concerns and calls for protection of freedoms worldwide.
Turkish President Erdogan calls for Islamic countries to unite against Israel's "expansionism" following a reported incident. Turkey's diplomatic efforts with Egypt and Syria aim to form regional solidarity.
UN-backed investigators urge creation of an impartial force to protect civilians in Sudan's conflict. Both sides accused of war crimes as humanitarian crisis deepens, with millions displaced and famine breaking out.
Colombia's attorney general investigates claims of illegal Pegasus spyware acquisition by police. President Petro alleges $11 million cash purchase, raising concerns over surveillance and privacy.
Iran plans to take Pakistan to arbitration over a long-delayed gas pipeline project. The dispute highlights Pakistan's geopolitical and economic constraints, as well as its energy security challenges.
U. S. officials are urgently working on a revised Gaza ceasefire proposal, addressing key sticking points. The plan aims to overcome obstacles in negotiations between Israel and Hamas, with a potential draft expected soon.
Saudi shipping firm Bahri reports its tanker Amjad was not targeted in a recent Red Sea attack. U.S. Central Command states Houthi rebels attacked two oil tankers with missiles and drones.
Aspides, the EU's Red Sea mission, announces imminent salvage operation for MV Sounion, a Greek oil tanker attacked by Houthi militants. The vessel, carrying 1 million barrels of crude, poses significant environmental risk.
Most Gulf stock markets closed higher, buoyed by potential US rate cuts. Investors eye crucial economic data releases. Egypt's market dipped as analysts predict unchanged interest rates.
Gulf stock markets show gains as investors anticipate US rate cut. OPEC+ set to increase oil production. Key economic data releases awaited in the coming week.
Gulf markets closed higher on Sunday, buoyed by U. S. economic data suggesting possible Federal Reserve interest rate cuts. Saudi Arabia, Qatar, and Egypt all saw gains in their respective indices.
Saudi Arabia announces major changes in military leadership through royal decrees. Key appointments include new heads for joint forces, navy, and land forces, signaling a strategic shift in the kingdom's defense structure.
Two executives found guilty of embezzling $1. 8 billion from Malaysia's 1MDB fund. Swiss court orders repayment of $1.75 billion in latest development of global financial scandal.
Gulf stock markets face downturns due to Middle East conflicts and upcoming U. S. inflation data. Investors eye potential Federal Reserve rate cut amid ongoing regional humanitarian challenges.
Libya's oil production halted due to central bank conflict between rival governments, causing global price increases. UN efforts for unified governance continue to face challenges.
Ukrainian President Zelenskiy reveals ongoing talks for a second peace summit, mentioning potential hosts. He expresses support for India's involvement, with conditions based on previous summit participation.